Mortgage calculator

Our mortgagecalculator is a quick and easy way to help you work out how much you could borrow. The actual amount you could borrow will depend on a number of factors, including the amount of deposit you have, any outstanding credit commitments and your monthly outgoing.

Once you have an idea of how much you can afford, our simple mortgage tables will show you what your monthly payments are likely to be for the duration of the initial rate period and once you move into the standard rate period.

You could obtain a mortgage between

Repayments: 300 monthly payments of £1 at 2% over 25 years. This excludes all fees.

How much could you afford?

A mortgage of

£152,500 at 2%

a monthly sum over 25 years

£423.15

That's 8% of your pre-tax salary

A mortgage of

£185,000 at 2%

a monthly sum over 25 years

£523.15

That's 15% of your pre-tax salary

A mortgage of

£225,000 at 2%

a monthly sum over 25 years

£723.15

That's 25% of your pre-tax salary

The breakdown illustrating how much you could afford uses the low, mid and high multiplication of your pre tax salary to illustrate your potential mortgage, the monthly payments and how much this is as a % of your pre tax salary. This is purely a guide for illustration purposes only to support you in your decision making.

*This calculator has been designed to give you a general indication of how much you could borrow and what this might cost.

This information is computer generated and relies on a number of assumptions as set out below.

To create the mortgage amount range shown within the above box, we multiply you/your additional applicants salary by a certain factor.

For single applicants, to create your lower mortgage range, your income is multiplied by 3.5, mid mortgage range amount by 4 and higher mortgage range amount by 4.5

To create your suggested monthly payment within the first screen we use the following assumptions

1. We take the mid point of your mortgage range

2. We assume a fixed rate of 2% over the whole term based on the average rate of new fixed mortgages as reported by the BOE in Nov 2017.

3. Assume your mortgage term will last for 25 years

4. Assume you pay no mortgage fees for this calculation

5. Assume interest is charged monthly

6. Assume you have a repayment mortgage

For the additional monthly payments showing a low, mid and higher value we use the multiplication factors outlined above for single and joint applicants along with the assumptions 2-6

It's important you always get a specific quote from the lender, each of which have their own lending criteria, and double-check the price yourself before acting on the information. We cannot accept responsibility for any errors. If you do notice anything incorrect please click here)

Need help?

Contact the experts moneyQuest Mortgage Brokers Ltd on

0141 243 5633 Mon to Fri: 9:00 to 5:00

Terms & Conditions

Advice is provided by moneyQuest Mortgage Brokers Ltd who are an appointed representative of Stonebridge Mortgage Solutions Ltd. moneyQuest Mortgage Brokers Ltd are not part of Compare The Market Limited. comparethemarket.com may receive an introducer’s fee from 'moneyQuest Mortgage Brokers Ltd' for customers who use this service. All applications are subject to lending and eligibility criteria. moneyQuest Mortgage Brokers Ltd may charge you a £395 broker fee should you decide to proceed with a mortgage.

Calls to moneyQuest Mortgage Brokers Ltd are charged at a national rate from a BT landline, however, calls from other networks and mobile providers may vary.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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